Moso Power's net profit for the first half of 2012 increased by 7.11% year-on-year.

On July 30, Moso Power released the first half of 2012 performance report. During the reporting period, Maoshuo Power realized a total operating income of 24,043,400 yuan, down 16.95% over the same period of the previous year; realized a total profit of 35.227 million yuan, an increase of 6.48% over the same period of the previous year; and realized a net profit attributable to shareholders of listed companies of 296.90 million yuan. , an increase of 7.11% over the same period of the previous year.

For the total operating income decreased by 16.95%, Maoshuo Power believes that the main reasons are the impact of the international financial crisis and the European debt crisis, and the overall decline in international market demand. As a result, the revenue of the company's consumer power business declined in the current period. But the good news is that the current LED driver power revenues have maintained the expected growth.

For the net profit growth of 7.11%, Maoshuo Power believes that the main reasons are: First, the change in the sales structure of the main business products, the gross profit margin of the overall business increased compared with the same period of last year; Second, the company used the raised funds to return bank loans after the company successfully listed, reducing Interest expense and interest income from bank deposits increased during the period; thirdly, the government received the listing incentive and the transfer of deferred income increased.

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